Australia's housing affordability crisis shakes Albanese government

With election on horizon, many in country struggling to buy homes or pay rent

20230620 Anthony Albanese

Australian Prime Minister Anthony Albanese has suffered a major setback after his centerpiece policy to deal with one of the world's most unaffordable housing markets was put on the back burner. (Source photos by AP and Reuters) 

MITCH RYAN, Contributing writer

MELBOURNE -- A watershed election brought a seismic shift to Australia's political landscape last year. Now, a housing affordability crisis may deliver another parliamentary shake-up.

On Monday, Prime Minister Anthony Albanese suffered a major setback after his centerpiece policy to deal with one of the world's most unaffordable housing markets was put on the back burner.

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